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economy yiflts believe personal income won't be as robust as predicted. prop 30 boosts sales taxes a quarter cent and retroactively raises income taxes for the wealthy. >> jazz fans mourning the passing of dave brubeck. brubeck attained pop star acclaim with his album timeout, the first ever million selling kÑÑ0gó;vtv it included classic hit "take five" which you just heard. he was famous for playing in black jazz clubs during the height of segregation. dave brubeck died in connecticut one day short of his 92 birthday. >> with a a gift to all of use spencer christian had a chance to meet with him. >> great pleasure of seeing him perform several times. met him once, what a ja. just warm, accessible ask engaging. and a genius. >> yes. yes. >> absolutely. well, let's talk weather. things are beginning to calm down a bit. we're going to be drying out soon. a live view from our camera in emeryville looking at cloudy skies. not many locations receiving rainfall but we do have showers showing up down in parts of the south bay. there you can south of san jose
economy yiflts believe personal income won't be as robust as predicted. prop 30 boosts sales taxes a quarter cent and retroactively raises income taxes for the wealthy. >> jazz fans mourning the passing of dave brubeck. brubeck attained pop star acclaim with his album timeout, the first ever million selling kÑÑ0gó;vtv it included classic hit "take five" which you just heard. he was famous for playing in black jazz clubs during the height of segregation. dave brubeck died in...
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. >> defense is a big part of southern california economy. cuts would affect there. >> this afternoon the speaker of the house delivered the g.o.p.'s proposal reducing national debt by $2.2 trillion. including new tax revenue but leading cuts for the top 2% in place. today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. abc 7 news believes a deal will be struck about the deadline, it will be the republican that's give ground. >> i think this time around, obama learned from his past mistakes and importantly, advantage that if he does nothing he's in better shape than republicans oor professor cane says congressional republicans holding middle class cuts hostage in order to force the president's hand. the problem is the g.o.p. cannot afford to carry out that threat and they're blamed for raising everyone's taxes in order to protect the rich and put republican party in a dark hole. >> mark, thank you. >> on wall street today, stock prices fell on concern the deficit deadlo
. >> defense is a big part of southern california economy. cuts would affect there. >> this afternoon the speaker of the house delivered the g.o.p.'s proposal reducing national debt by $2.2 trillion. including new tax revenue but leading cuts for the top 2% in place. today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. abc 7 news believes a deal will be struck about the deadline, it will be the republican...
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Nov 29, 2012
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they're the fabric of the country and economy. so want to stress that to them. how important this has been for us and others too. >> he admits the small business benefited from incentive programs. now they have 31 employees. >> new jersey governor says super storm sandy caused $37 billion in damage to his state saying 30,000 homes or businesses were destroyed or sustained damage. he's requesting $37 billion from the federal government. >> and a new un climate change report out says sea level could be prizing -- rising faster than thought. that is especially troubling for those of us living and working near the edge of the bay. and more on the flooding dangers that could be around the corner. >> at high tide this submerged staircase is an erie reminder of the inches separating dry land from water. in 2008 bay waters flooded streets and sidewalks like they did in twut. the united nationspfip level sea levels are rising faster than predicted. >> today's flood going to be tomorrow's high tides. and so we need to get ready for changes, a deeper bay. a bay with bigger
they're the fabric of the country and economy. so want to stress that to them. how important this has been for us and others too. >> he admits the small business benefited from incentive programs. now they have 31 employees. >> new jersey governor says super storm sandy caused $37 billion in damage to his state saying 30,000 homes or businesses were destroyed or sustained damage. he's requesting $37 billion from the federal government. >> and a new un climate change report out...
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and what more could be done to boost the economy. here is some of what he had to say. >> conversation was ceos, they teal me we're ready to fire. -- hire. but we want a little bit of certainty out there. and what is missing is not only a deal, on long term deficit reduction. what smising is steps we can be taking now. >> if you own shares of oracle, next check will be bigger than usual. ora cell will pay next three dividends at once. the software giant joins a lift of companies moving dividends forward into the year to avoid a phone shall tax hike in january. and shares of pandora falling after the company says the loss will be wider than forecast. it wasn't all bad news, pan doora said sales rose 60% and profits rose 187%. stocks were little changed after the president held his ground about raising taxes to the highest income tern americans. your bloomberg silicon valley index closed qlor, apple, google and ebay dragging index down. disney and net flix reached an agreement giving subscribers first access to movies made by pixar, dis
and what more could be done to boost the economy. here is some of what he had to say. >> conversation was ceos, they teal me we're ready to fire. -- hire. but we want a little bit of certainty out there. and what is missing is not only a deal, on long term deficit reduction. what smising is steps we can be taking now. >> if you own shares of oracle, next check will be bigger than usual. ora cell will pay next three dividends at once. the software giant joins a lift of companies...
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Nov 28, 2012
11/12
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beat in the race for president republican mitt romney they will talk tomorrow on ideas of reviving the economy. today the president is meeting with yahoo ceo marissa mayer talking about ways to avoid that year end fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of
beat in the race for president republican mitt romney they will talk tomorrow on ideas of reviving the economy. today the president is meeting with yahoo ceo marissa mayer talking about ways to avoid that year end fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is...
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Nov 28, 2012
11/12
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beat in the race for president republican mitt romney they will talk tomorrow on ideas of reviving the economy. today the president is meeting with yahoo ceo marissa mayer talking about ways to avoid that year end fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of
beat in the race for president republican mitt romney they will talk tomorrow on ideas of reviving the economy. today the president is meeting with yahoo ceo marissa mayer talking about ways to avoid that year end fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is...
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>> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month to approve proposition 30. a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then improve to 9.7% next year with the jobless rate around 8.4% in 2014. >> jerry shelton is a school finance consultant and says the report doesn't take into aif the kth what would have happened if voters rejected prop 30. $6 billion in cuts, mostly to public education. he thinks$c]b californians wano trade short term economic growth for an investment in kids. >> w
>> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month to approve proposition 30. a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that...
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>> at the top of the wish list, a deal to a voice sending the economy over the fiscal cliff. >> my hope is to get this done before christmas. >> today, the president joined by middle income earners reaching out to the administration about keeping taxes low. >> if congress does nothing, every family in america will see their taxes go up at the beginning of next year. >> the white house is urging americans to use social media to push congress to act. keying in on $2000 tax increase going into affect next year for the average family of four. >> what is that again? my two? k. tweet use, my 2 k or e mail. post it on member of congress's facebook wall. do what it takes to communicate a sense of urgency. >> they may not agree on details but house speaker john boehner and house minority leader agree on one thing. failure is not on the table. >> going over fiscal cliff will hurt our economy. >> boehner said republicans are committed to a compromise. >> rinz are willing to put revenue on the table. >> so hard ball politics were left to house majority leador eric cantor complaining the white house
>> at the top of the wish list, a deal to a voice sending the economy over the fiscal cliff. >> my hope is to get this done before christmas. >> today, the president joined by middle income earners reaching out to the administration about keeping taxes low. >> if congress does nothing, every family in america will see their taxes go up at the beginning of next year. >> the white house is urging americans to use social media to push congress to act. keying in on...
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economy and aging population in mexico. 80% of all illegal immigration comes from mexico and latin america. >>> mike has the forecast, especially -- [ inaudible ] >>> it is raiders day! how is the weather going to be? >> great for football upper 50s falling into the lower 50s partly cloudy. if you are heading out this morning to tailgate you are going to run into mist and fog by noon that will start to lift and we'll see sunshine this afternoon, mainly low to mid 60s. around the state doppler radar dry across the entire state. a lot of 50s mid to upper 50s eureka, chico, sacramento. 49 in tahoe. >>> if you are headed to that raider game, expect a lot of traffic on 80 by the coliseum later today, give yourself plenty of time. san jose clear conditions on 87 northbound light traffic a little haze you may need your wipers for drizzle, eastbound 580 north flynn roadwork until 11, three lanes blocked off, westbound good leaving tracy up towards the altamont pass. roadwork eastbound dumbarton until 6:00. >>> 4:56. dispute over the price of crab is keeping fishermen on dry ground. more than 100 b
economy and aging population in mexico. 80% of all illegal immigration comes from mexico and latin america. >>> mike has the forecast, especially -- [ inaudible ] >>> it is raiders day! how is the weather going to be? >> great for football upper 50s falling into the lower 50s partly cloudy. if you are heading out this morning to tailgate you are going to run into mist and fog by noon that will start to lift and we'll see sunshine this afternoon, mainly low to mid 60s....
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Nov 30, 2012
11/12
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oyster farming has been part of the local economy for more than a hundred years. >> we are staying on storm watch. live look at 7 hd. rain is falling in ukiah, cloverdale and santa rosa. forecast is just ahead. >> also ahead, a truck driver slams into a used car lot. tell you about bizarre cause of this accident. >> plus, two big winners. record powerball jacked. >> and later, an act of kindness. online sensation it has become today. >> coming up to 4:09 on thursday afternoon. first check on traffic. downtown san francisco, this a live look at the sky way. it's very heavy heading into the east bay. not all that much better heading southbound toward >>> in alameda county the driver of a big truck that smashed into a used car lot is blaming the wreck on a sneezing fit. caltrans cleaned up the oil snail was caused by the accident. the driver of the dump truck lost control while sneegz and crashed into a car lot. the driver was not cited. >>> a bankruptcy judge gave final approval for hostess to sell its assets. the maker of twinkies it's been in talks with 110 potential buyers. there is
oyster farming has been part of the local economy for more than a hundred years. >> we are staying on storm watch. live look at 7 hd. rain is falling in ukiah, cloverdale and santa rosa. forecast is just ahead. >> also ahead, a truck driver slams into a used car lot. tell you about bizarre cause of this accident. >> plus, two big winners. record powerball jacked. >> and later, an act of kindness. online sensation it has become today. >> coming up to 4:09 on...
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Nov 29, 2012
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the study says the uptick is a sign more are confident about the economy. also cautions some chose to start their own businesses because they couldn't find other jobs. economists have said the economy won't fully recover until small businesses pick up the pace of hiring. >>> this morning the fda may be ready to turn to outside experts for advice on energy drinks. in the last month monster and five hour energy have come under scrutiny. now "the new york times" reports the fda may turn to experts from the institute of medicine and other agencies to determine whether those drinks pose a safety risk to consumers. this is a sign the fda does not plan to take immediate action on energy drinks. >>> average american household spends more than $1500 every year on cell phone service. there are ways to save. michael finney and consumer reports look at prepaid options. >> reporter: good morning. if you're looking to save on your cell phone bill, consumer reports says a prepaid plan maybe your best option. it seems like everyone is on a smartphone these days. and we are
the study says the uptick is a sign more are confident about the economy. also cautions some chose to start their own businesses because they couldn't find other jobs. economists have said the economy won't fully recover until small businesses pick up the pace of hiring. >>> this morning the fda may be ready to turn to outside experts for advice on energy drinks. in the last month monster and five hour energy have come under scrutiny. now "the new york times" reports the fda...
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amazon says distribution centers are still hiring some say it is a sign the economy is improving. u.s. mint says saefls american eagle cold coins has more than doubled in november. some investors say people see the coins to hedge if lawmakers fail to cut a deal to avert fiscal live. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> this morning the search continues for an 11-year-old cancer patient, police say the girl known as emily was taken out of a fee thing hospital by her mother the day before -- out of a phoenix hospital by her mother the day before she was to be discharged. video captures them walking out of the hospital 1030 -- 10:30 wednesday. >> we have an 11-year-old girl, her parents are removing her from the hospital and putting her danger she could obtain an infection tan die within a couple of days. >> ly and her family were seen driving away in blake minivan. coming up at 7:00, why police fear her family may be especially difficult to track down. >>> this one looks like it is out of a movie, three firefighters injured at the sce
amazon says distribution centers are still hiring some say it is a sign the economy is improving. u.s. mint says saefls american eagle cold coins has more than doubled in november. some investors say people see the coins to hedge if lawmakers fail to cut a deal to avert fiscal live. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> this morning the search continues for an 11-year-old cancer patient, police say the girl known as emily was taken out of...
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Nov 29, 2012
11/12
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with the olympics, restore the olympics, you know, his skill set lends to ideas that could get the economy growing. going. but his spokesman said he does not have a specific assignment for his arrival but it was going to be a useful discussion. >> love to hear that. good luck. >>> the lunch comes early in the holiday season in at the white house. decorations include 54 live christmas trees. unveiled yesterday by first lady, michelle obama. thought i was looking in your living room, now, rob. >> does that look like a plastic tree. centerpiece is an outsized 300 pound gingerbread model of the white house sit it's in state dining room. mrs. obama helped the children of military families make holiday decorations and bo, the port g
with the olympics, restore the olympics, you know, his skill set lends to ideas that could get the economy growing. going. but his spokesman said he does not have a specific assignment for his arrival but it was going to be a useful discussion. >> love to hear that. good luck. >>> the lunch comes early in the holiday season in at the white house. decorations include 54 live christmas trees. unveiled yesterday by first lady, michelle obama. thought i was looking in your living...
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. >>> report released overnight predicting impact of prop 30 on the state's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the fastest. just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are see
. >>> report released overnight predicting impact of prop 30 on the state's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow...
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Dec 6, 2012
12/12
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but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year and then go to 9.7% next year with a jobless rate of 8.4% in 2014. >> i think it's an oversimplification. >> an economist who is school finance consultant. he says it doesn't take into account if they rejected prop 30 six billion in cuts mostly to public education. he thinks californians want to trade short term growth for an investment in kids. >> we would have been looking at shortening the school day further, more kids out the streets. that is exactly what the voters didn't want to see. >> for job seekers, to see any slowdown in hiring, even for a good reason is frustrating. >> i look for about a year and a half. everything, i don't know how people survive on it. it's tough. i don't know how
but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year and then go to 9.7% next year with a jobless rate of 8.4% in 2014. >> i think it's...
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a report on california's economy shows a recovery that continues to plod along. katie marzullo is live in the newsroom with analysis. >> reporter: for the last several years when home prices have have been in the news it has been bad, but not this morning. home prices are up, surged more than 6% in one year the biggest jump in six years. median price up $18,000 to $178,000, and california is one of the top 10 states where prices are rising the fastest. new this morning, anderson economic forecast from ucla is out, says housing improvements will help the state and california will continue to grow, but not as much as it used to. the forecast says the new tax revenues ungovernor brown's prop 30, will slow -- under governor brown's prop 30 will slow economic growth but not derail recovery. the jobless rate in california should average 10.5% by the end of the year. it should improve to 9.7% in 2013 and fall further to 8.4 in 2014. one other note of good news, u.s. banks seeing best profits in six years and are therefore leaning more freely. katie marzullo, -- lending
a report on california's economy shows a recovery that continues to plod along. katie marzullo is live in the newsroom with analysis. >> reporter: for the last several years when home prices have have been in the news it has been bad, but not this morning. home prices are up, surged more than 6% in one year the biggest jump in six years. median price up $18,000 to $178,000, and california is one of the top 10 states where prices are rising the fastest. new this morning, anderson economic...
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economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months before the bread brand wraps up again. >>> estimated 300 million dollar magic kingdom make overincludes pagers so and serving beer and wine themó?5to past five years. >>> abc7 is owned by disney. >>> big change that could be coming to storm warnings because of superstorm san >> dispute forcing bay area -- >>> welcome back. check out last three hours on live doppler, quiet radar returns over the ocean is the beam shooting into the clouds nothing is talling but moist with mist hanging in the -- nothing is falling but moist with th
economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months...
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treasury secretary timothy geithner discusses potential impacts on the economy as the high stakes political poker game plays out on capitol hill. it's all coming up on abc this week with george stephanopoulos right here on abc7. >>> a san francisco man and his lost service dog are back together this morning. it's a story you will see only on abc7 news. >> good girl! oh, my sweetness! >> we first brought you the story nearly two weeks ago after someone stole his best friend and constant companion from outside the davis medical center. he took lola, a four-year-old yorkshire terrier everywhere, including to his dialysis appointments. his neighbor tracy took up the cause to find lola and got an e-mail yesterday. >> a woman said i found a dog running around lake merit in oakland and i could tell it was probably lost. i brought it home and i think it's your dog. >> thank you everybody so much! >> and it was, indeed, lola. the woman who found the dog called us first, and we gave her the neighbor tracy's e-mail. so quite the reunion there. we are so happy for him. lisa argen, our meteorologist, is
treasury secretary timothy geithner discusses potential impacts on the economy as the high stakes political poker game plays out on capitol hill. it's all coming up on abc this week with george stephanopoulos right here on abc7. >>> a san francisco man and his lost service dog are back together this morning. it's a story you will see only on abc7 news. >> good girl! oh, my sweetness! >> we first brought you the story nearly two weeks ago after someone stole his best friend...
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they will talk tomorrow about ideas reviving the economy. president obama said that he would reach out to mitt romney and hold that private meeting after the election. today the president met with yahoo ceo marissa myer. she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added she had an easy pregnancy and two-year-old son has been easy. she is very clear on her priorities, god, family and yahoo in that order. in the five months she has been in charge and yahoo took has hit 52 week highs. >> as we continue. search for robbers in a outrageous jewelry heist. we hope the video will help track them down. a helicopter flight and experimental technology for medical transplants. medical transplants. a when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. tak
they will talk tomorrow about ideas reviving the economy. president obama said that he would reach out to mitt romney and hold that private meeting after the election. today the president met with yahoo ceo marissa myer. she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added she had an easy pregnancy and two-year-old son has been easy. she is very clear on her priorities, god, family and yahoo in...
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. >> defense aerospace big part of southern california economy so those cuts would develop effect there. >>reporter: this afternoon speaker of the house boehner delivered the g.o.p. proposal. which would reduce the national debt by 2.2 trillion dollars including 800 billion in new tax revenue but would leave the bush tax cuts to the top 2% in place. photo op today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. we believe a deal will be struck before the deadline and it will be the republicans that give ground. >> i think this time around obama has learned from his past mistakes and more importantly he has the advantage that if he does nothing he's in better shape than the republicans are. >>reporter: professor says republican holding the middle class hostage trying to force the president hand. problem is they can't afford to carry out the threat. if the g.o.p. is blamed for raising taxes on everybody because they were trying to protect the rich, be putting themselves in a dark hole. in the newsroom, abc 7 news. >
. >> defense aerospace big part of southern california economy so those cuts would develop effect there. >>reporter: this afternoon speaker of the house boehner delivered the g.o.p. proposal. which would reduce the national debt by 2.2 trillion dollars including 800 billion in new tax revenue but would leave the bush tax cuts to the top 2% in place. photo op today the president ignored reporter questions about that republican plan but later in a statement the white house rejected...